Chinese technology company realme is planning to put 100 million 5G phones in the hands of young consumers around the world by 2024.
realme partnered with Qualcomm, GSMA and Counterpoint Research to host the inaugural "Making 5G Global: Accessibility for All" virtual summit Thursday.
At the summit, realme reiterated its commitment to work towards the advancement of 5G adoption globally. Also, the company revealed that the realme GT 5G performance flagship and the realme GT camera flagship are set for release in June and July.
In 2020, realme launched 14 5G devices in 21 markets. The company also expects to establish seven research and development centres around the world and invest $300 million globally in 5G technology research and product development in 2021 to expedite the adoption of 5G products.
Speaking at the summit, Madhav Sheth, VP and CEO of India and Europe, realme, said: "Starting with our first 5G model, the realme X50, we have been exploring new design concepts and technical innovations to bring users more slimline and design-rich 5G phones that have a powerful performance."
"While the growth of 5G coverage is encouraging, a survey by GSMA shows that other barriers remain for widespread adoption of the new technology amongst consumers, such as affordability of the devices, lack of digital literacy and skills, and costs of mobile data. Nevertheless, the transition to 5G is inevitable across the world, and 5G is expected to bring $600 billion to the global economy over the next decade," said Kalvin Bahia, principal economist of GSMA Intelligence.
Realme Bangladesh Managing Director Tim Shao said: "As we can see there are many barriers to adopting 5G technology all around the world, this is where realme will be putting its efforts. We want to live up to the expectations of the youths and the youths need smart technology like 5G. We will introduce affordable 5G phones to empower the youths and help the country embrace 5G."